Saturday, July 29, 2006

Today the BBC reports on a survey by the Halifax building society which apparently shows how hard it is for 'key workers' ( who isn't key ? People who do the job, or the people who raise the taxes to pay for them ? ) to get houses.

There have been a lot of half baked schemes (copyright Ken Liviningston, Major of London) to help these people to get property.

What they need is - more pay. Is very obvious so why doesn't NuLabour just say it ? Well I suspect the answer is that its not just more pay, but local pay that's necessary. Someone living in Cornwall where house prices have risen so much should be paid more for the same job than someone in Hull. Its the only answer that makes real sense and treats people with dignity ( tied houses etc are almost a form of slavery ).

Why doesn't it happen - answer: The public sector unions and this weak and failing NuLabour government.

No democracy for England

About Me

The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude."
Thomas Jefferson, President of the United States of America,1801-1809.